Crypto News. August 4-5, 2025
Vare Crypto News is live ft Coinbase, Phantom, JoinSapien, Linea, Bit Mining, Falcon Finance, KakaoBank, BitMine, OpenMind, Chainlink
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DeFi
CEA Industries closed a $500M private raise led by YZi Labs, to adopt BNB as its treasury asset and rebranded its ticker VAPE to BNC
KakaoBank is entering the South Korean stablecoin market, announced during its H1 2025 earnings release
BitBridge to go public as a Bitcoin treasury firm with plans to offer BTC backed loans
The SEC clarified that certain liquid staking activities, where LSTs offer passive, deposit only services, may not qualify as securities
Pump fun flipped Bonk in new token launches with 13,690 tokens in 24 hours, beating LetsBonk fun’s 13,392, though LetsBonk topped in daily volume at $87.7M to Pump’s $82.4M
Galaxy Digital posted a $30.7M Q2 profit after a $295M Q1 loss, increased BTC holdings to 17,102 BTC
SharpLink bought 83.5K ETH ($304M), raising its staked ETH treasury to 521.9K
Mei Pharma acquired 929,548 LTC for $100M adopting Litecoin as its primary treasury reserve asset with Charlie Lee and GSR as advisors
Bit Mining purchased $4.9M to buy 27,191 SOL and launched its own validator, marking the start of its Solana focused treasury strategy.
Linea is integrating Lido V3 to auto stake bridged ETH, bringing native yield and rewards to its L2, launching in October
Coinbase plans to raise $2B through a private offering of convertible notes maturing in 2029 and 2032, with an option to add $300M more
Phantom acquired sol trading platform, solsniper
Chainlink launched real time data streams for U.S. equities and ETFs, expanding its market data offerings
JoinSapien partnered with Coinbase Developer Platforms to support Coinbase Embedded Wallets live on Beta
Bitmine now owns 833,133 $ETH tokens, valued at $3.0 billion, making it the largest ETH Treasury in the World and the 3rd largest crypto treasury
Pantera Capital is leading a $20M round for OpenMind, creator of FABRIC, an open source OS enabling AI robots to collaborate across hardware and locations. Backers include Coinbase Ventures, DCG, and Ribbit.
The Whitehouse prepares executive order to fine banks that blacklist crypto companies
Falcon Finance’s USDT/USDf pool on BNB Chain has reached $4.43M TVL, with 1 week left for boosted rewards: 50x Miles for LPs, 3x Miles for traders, plus $5.6K USDf in bonus incentives.
